JA -Justification Sole-Source FAR 13.5 - Moody's Subscription Licenses 9-26-23-Final Redacted.pdf

This justification document provides rationale for a sole source award for Moody's subscription licenses to Moody's Analytics. The Department of Housing and Urban Development seeks to renew its annual subscription to Moody's Analytics products and services including data and analytical tools for use in underwriting Federal Housing Administration insured single family mortgage programs. Moody's is the only provider that offers the specific suite of products and services required to support HUD's loan underwriting needs such as credit risk assessment, loan performance analytics and housing market monitoring. The justification cites Moody's proprietary models, historical loan performance data and subject matter expertise in mortgage credit risk that would require substantial time and cost for HUD to develop independently or through alternate sources. The sole source award is estimated at $400,000 for the period of one base year with four optional one-year renewal periods.